Tax Information
Tax Impact
If the Boyd ISD bond referendum passes, there will be a tax rate increase of 3.5 cents to the I&S rate.
For the average house in the district valued at $286,927, this is an extra $5.45 per month, after the $100,000 state homestead exemption.
Learn more information about Boyd ISD’s historical tax rates and how the district compares to surrounding areas below.
Boyd ISD Tax Rate History
Surrounding Area Tax Rates
Calculate your monthly tax impact below:
How is Boyd ISD’s tax rate configured?
A school district’s tax rate is comprised of two components: the Maintenance & Operations tax (M&O) and the Interest & Sinking tax (I&S). The M&O rate is used to operate the school district, including salaries, utilities, furniture, supplies, food, gas, etc. The I&S rate is used to pay off school construction bonds. Bond sales only affect the I&S rate.
No Tax Rate Impact for Voters 65+ and/or Disabled
Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older cannot be increased above the amount paid in the first year after the person turned 65 or became disabled. This freeze applies regardless of changes in tax rate or property value, unless there are new improvements/additions to the homestead.
YOU MUST APPLY FOR THIS EXEMPTION.